Approval of joint venture created by Phoenix Tower Int’l and Bouygues Telecom
Under the EU Merger Regulation, the Commission has approved the creation of a joint venture by Phoenix Tower International Holdco LLC (controlled by the American company The Blackstone Group Inc), and telecoms operator Bouygues Telecom (BYTEL).
The joint venture will be active in the supply of mobile telephone equipment hosting services in France, activities formerly carried out by BYTEL.
The Commission based its decision on the limited activities which the joint venture will carry out in the territory of the European Economic Area, and its very limited impact on the structure of the market.
Read the Commission’s press release (in French) for more information.